News stories about El Paso Electric Company (NYSE:EE) have been trending positive recently, Alpha One Sentiment Analysis reports. The research group, a service of Accern, identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. El Paso Electric Company earned a coverage optimism score of 0.30 on Alpha One’s scale. Alpha One also gave media stories about the utilities provider an impact score of 97 out of 100, meaning that recent media coverage is extremely likely to have an effect on the company’s share price in the immediate future.

Shares of El Paso Electric Company (NYSE:EE) traded up 1.18% during trading on Friday, hitting $51.65. 159,039 shares of the stock were exchanged. El Paso Electric Company has a 12-month low of $42.42 and a 12-month high of $51.70. The stock has a 50-day moving average of $49.73 and a 200 day moving average of $46.79. The stock has a market cap of $2.09 billion, a P/E ratio of 21.61 and a beta of 0.42.

El Paso Electric Company (NYSE:EE) last posted its quarterly earnings data on Thursday, February 23rd. The utilities provider reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.07. The firm had revenue of $188 million for the quarter. El Paso Electric Company had a return on equity of 8.95% and a net margin of 10.48%. El Paso Electric Company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 EPS. Equities analysts predict that El Paso Electric Company will post $2.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 17th were issued a dividend of $0.31 per share. The ex-dividend date was Wednesday, March 15th. This represents a $1.24 annualized dividend and a yield of 2.40%. El Paso Electric Company’s payout ratio is presently 54.63%.

A number of brokerages have commented on EE. Jefferies Group LLC restated a “hold” rating and set a $46.50 price objective on shares of El Paso Electric Company in a research report on Tuesday, February 14th. Williams Capital initiated coverage on shares of El Paso Electric Company in a report on Wednesday, January 11th. They issued a “hold” rating and a $48.00 price target for the company. Finally, Zacks Investment Research upgraded shares of El Paso Electric Company from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Tuesday, March 14th.

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El Paso Electric Company Company Profile

El Paso Electric Company is a public utility company. As of December 31, 2016, the Company was engaged in the generation, transmission and distribution of electricity in an area of approximately 10,000 square miles in west Texas and southern New Mexico. As of December 31, 2016, the Company owned or had ownership interests in several electrical generating facilities providing it with a generating capability of approximately 2,080 megawatts (MW).

5 Day Chart for NYSE:EE

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